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12.08.2019 06:11 AM
Control zones for USDCHF on 08/12/19

When building daily trading plans, it is necessary to take into account that the pair has already overcome the monthly average move. The emergence of a large demand last week confirms the interest of major players to keep the rate within the formed accumulation zone.

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Now, it is necessary to concentrate on the test of the annual minimum formed in June. Reaching this level will allow you to search for a pattern of "false breakdown" to buy the instrument in order to return to the monthly short term. The probability of return is 90%.

The alternative model has a low probability and will be to consolidate below the monthly short-term. Work on the sale is extremely unprofitable, since the probability of making money does not exceed 10%. The most likely model will be a medium-term flat, where the first place will be the search for purchase prices from the lower border.

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Daily CZ - day control zone. An area formed by important data from the futures market that changes several times a year.

Weekly CZ - weekly control zone. The zone formed by the important marks of the futures market, which change several times a year.

Monthly CZ - monthly control zone. An area that reflects the average volatility over the past year.

Samanta Kruder,
Analytical expert of InstaForex
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